The Company History page lists out the major events in chronological order for Alfa Laval (India) Ltd.

Company History - Alfa Laval (India) Ltd.

1937

- The Company was incorporated in December under the name Vulcan Trading Co. Ltd., as a trading company and commenced business shortly thereafter. It was a wholly owned subsidiary of Svenska Tandsticks Aktieboleaget (the Swedish Match Company). The Company Manufacture products and process systems for the dairy, food processing, chemicals, pharmaceutical, marine, power and engineering industries. Manufacture and sale of a wide range of centrifugal separators, plate heat exchangers, spray drugers, refrigeration compressors, custom fabricated equipment for exotic metals, etc.

1961

- A factory was set up at Dapodi, Pune for the manufacture of plant and machinery required by the food, dairy, chemical and pharmaceutical industries.

1965

- The Alfa-Laval Ltd., the Indian subsidiary of Alfa-Laval AB of Sweden, set up independent manufacturing facilities on neighbouring land in Pune.

- In October, Vulcan Trading and Alfa-Laval merged to form Vulcan-Laval Ltd. The Company became a deemed public limited company by virtue of Company's Act as amended in 1960.

- The Company entered into collaboration agreements with Alfa-Laval AB, Sweden covering technical assistance for the manufacture of milk plant equipment, farm equipment, DE-Laval centrifugal separators, plate heat exchangers and other equipment for various industrial applications.

- The third agreement entered into with Anhydro A/S, Denmark, covered the manufacturing of bottling plants for bottling milk and other beverages.

- The fourth agreement was with Kamas Kavarnmaskimer AB, Sweden for the manufacture of silos for storing grains, seed cleaning plants and cattle feeding plants.
- 63,000 shares allotted to members of Alfa-Laval, Ltd., on its merger. Till date, 4,62,500 shares issued without payment in cash.

1969

- The Company made its first ever public issue in May, which was largerly oversubscribed.

- One of the major strengths of the Company is project management. Its capability ranges from engineering complete process systems to manufacture, installation and commissioning of plants such as dairies, breweries, vegetable oil processing plants, fruit juice plants,
processed food plants and refrigeration plants on a turnkey basis.

1975

- 5,66,896 Bonus Equity shares issued in the prop. 11:17.

1977

- Approval of Government was received for diversification into the manufacture of sophisticated moulding and shot blasting machines and hydraulic presses with technical assistance from Arence-BMD Machinenfabrik GmbH, West Germany.

- During August-September, the Swedish Match Company and Alfa-Laval AB, disinvested their shareholding in the Company to the extent of 1,20,000 shares at a premium of Rs 6 per share. These were sold to the financial institutions as follows: (i) 72,919 shares to ICICI including
62,500 shares needed for discharge of the convertibility option of the Rupee term loan of Rs 50 lakhs, (ii) 23,541 shares to UTI, (iii) 11,770 shares of LIC and (iv) 11,770 share to GIC and its subsidiaries.

- 8,32,184 shares issued (prem. Rs 6 per shares) during Aug./Sept. 1978: 6,59,265 shares as rights to resident Indian shareholders in prop. 3:2; 1,00,000 shares to Indian directors, employees and business associates; 36,459 shares to UTI; 18,230 shares to LIC and 18,230
shares to GIC and its subsidiaries.

1979

- The Company received the approval of Govt. for technical collaboration with Titanium Fabricators Ltd., Sheffield, U.K., for specialised chemical plant fabrication.

1980

- Alfa-Laval AB, Sweden which hitherto held 13% of the Company's total equity, acquired during the entire shareholding (26%) of the Swedish Match Co., Sweden in the Company.

1983

- The Company undertook to set up a factory at Satara, a notified backward area in Maharashtra State, to undertake the manufacture of dairy equipment. This plant was commissioned in January.

1985

- 11,58,750 Rights shares issued (prem. Rs 30 per share; prop. 1:3)

1986

- 17,38,125 Bonus Equity shares were issued in prop. 1:2.

1987

- The Company introduced laser heat exchanger systems for greater thermal efficiency and a process for development of unconventional edible oil. In addition, new model of centrifugal separators were developed.

- Satt Control (India) Ltd., became a subsidiary of the Company With effect from 1st April, 1990 this subsidiary was merged with the parent Company. Alfa Laval Financial Services Ltd., is a subsidiary of the Company.

- In view of the Company's long association with Alfa-Laval AB, Sweden,the Company changed its name from Vulcan-Laval Ltd., to Alfa-Laval (India) Ltd., with effect from 12th May.

1989

- 26,07,187 Bonus Equity shares were issued in prop. 1:2.

1990

- With the amalgamation of Satt Control (India), Ltd. a wholly-owned subsidiary of the Company, a new business centre was started to deal with and develop further the business of process control instrumentation and automation systems.

- The Company acquired land at Thane for setting up a re-gasketting unit for plate heat exchangers.

- A technology centre was set up at Pune with sophisticated testing facilities. Latest products developed and introduced include brew-house equipment and the latest versions of sophisticated centrifugal separators and plate heat exchangers for various new industrial applications.

- The Company, in colloboration with Saunders Valve Co. Ltd., of U.K., promoted during the year a new subsidiary company, namely, Saunders Valves (India) Ltd., to manufacture a series of industrial diaphragm valves and allied products.

- The Company subscribed to 60% of the equity capital of Rs 4 crores,the remaining capital being subscribed by Saunders Valve Co. Ltd., of U.K.

- 39,10,781 Bonus Equity shares issued in prop. 1:2.

1991

- The Company was permitted by the Government of India, to raise the equity stake of its collaborators, Alfa-Laval AB, Sweden (ALAB), from 39.92% to 51%.

- The Company proposed to enter into a technical collaborationagreement with Lavrids Knudsen Maskinfabrik A/s, Denmark.

- The Company was to subscribed to 49% of LKMI's equity capital of Rs 100 million while the remaining 51% was to be contributed by the Danish collaborators.

- Alfa Laval AB, Sweden which holds 51% of the Company's equity capital changed its name to Alfa Laval Holdings Amsterdam AB, with head quarters in Netherlands.

- The Company is a subsidiary of Tetra Laval Holdings AB, Sweden and is a part of the Tetra Laval group. This was in view of the fact that Tetra Pak and Alfa Laval were united into a joint organisation viz., Tetra Laval Group.

- 84 No. of Equity shares were kept in abeyance as their ownership and title were under dispute. This is as per court order dated 21.3.1990.

2001

- The Company has completed the formalities relating to the acquisition of 74 per cent equity stake in Lavrids Knudsen Maskinfabrik (India) Ltd. LKM has now become a wholly-owned subsidiary of the company.

- The Company has, in April 2001, sold its entire shareholding of 24,70,000 No. of equity shares in Alfa Laval Saunders (India) Ltd., and the consideration of Rs. 29,640,000 therefor has been received.

-Mr.Yannick Richomme has resigned as the director from the board of Alfa Laval (India)Ltd

2004

-Alfa Laval India Ltd has informed that the Company secured a prestigious order of approx. Rs 760 million for two nos Evaporation systems from Vedanta Aluminium Ltd a part of the London- listed metals and mining group

2005

-Alfa Laval secures distillery order from OGPSCL

2006

- Alfa Laval India secures major orders from Indian Navy.

- Mr. Giuseppe Falciola was appointed as a Non-executive Director of the Company.

- Alfa Laval receives an order from a major paper mill in India.

2007

- Alfa Laval delivers cleantech to Indian paper mill.

2008

- Alfa Laval wins SEK 120 million petrochemical order in South Korea.

- Alfa Laval Group acquires German company - specialized in welded heat exchangers.

- Alfa Laval wins power order in China worth SEK 50 million.

2009

- Alfa Laval India wins Rs 650 million cleantech order for a biofuel plant in Vietnam.

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